Active Energy Group announces Andrew Diamond to its Board as upcoming Finance Director

– UK, London –  Active Energy Group PLC (LON: AEG), the London quoted international biomass-based renewable energy and forestry management business, today announced the appointment of Andrew Diamond to its Board Director as Finance Director with effect from 1st January 2021.

“I am delighted to welcome Andrew to Active Energy. The Board believes he will be an important member of the team as we progress with the expansion of the existing operations and the construction of the first CoalSwitch plant at Lumberton. Andrew has relevant experience and importantly his background as a Plc director will significantly strengthen our Board. His expertise will be invaluable as we build AEG into a financially robust business with a significant growth trajectory.” said CEO, Michael Rowan.

About Andrew Diamond

Andrew has over 20 years of relevant experience, particularly working for London listed companies, as demonstrated by his previous role as Finance Director at Victoria Oil & Gas Plc, an AIM-listed gas production and utility business. Throughout the four years Andrew held this role, he was involved in two substantial equity raises, a successful M&A transaction and multiple capital and debt restructuring exercises.

Before this, Andrew worked for several companies in the resources sector, performing financial and reporting based roles. Andrew also has relevant experience working in the US, which will benefit AEG’s operations at Lumberton.

Andrew Diamond, said: “I am greatly looking forward to the opportunity at AEG. The Company is at an inflexion point and is mapping a path towards commercial success. A renewed focus on environmental matters in the US sees the Lumberton operations well placed for expansion and I look forward to bringing my Plc experience to AEG.”

About Active Energy Group:

Active Energy Group plc is a London listed renewable energy company that has developed a proprietary technology which transforms low-cost biomass material into high-value green fuels. Its patented product CoalSwitch is the world’s only drop-in biomass fuel that can be mixed at any ratio with coal or completely replace coal in existing coal-fired power stations without requiring plant modification. Active Energy Group’s immediate strategic focus is the production and commercialisation of CoalSwitch and a low emission CoalSwitch blend that utilises other waste materials.

For more information: https://www.aegplc.com/

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